Description

* Prime retail condominium for sale in Union Square, Manhattan, located just minutes from NYU University and all public transportation.

* The space features approximately 3354 square feet with a partial basement and backyard.
* First floor 1676 square feet
* Cellar 1350 square feet
* Back Yard 328 square feet
* The retail space is equipped with central air, high ceilings, and an outdoor space.

*The entire space is leased till 03/31/2035 for a restaurant establishment  offering an     opportunity for investment in the most desirable area of Downtown Manhattan. 

Income & expense
Monthly rent $18,000
Monthly common charges $1,583 - Landlord only pays base amount
Annual real estate taxes $66,119 - Landlord only pays base amount
Annual insurance $4,000
Rent increase 4% every year
Net monthly income $11,207
Annual net income $134,489
Annual tax add back $4,898
Total Net annual income $139,387